It seems Bank of Canada's fourth interest rate cut and the fall in inflation will hit the rental market harder than the sales market.
Rent prices have ticked up slightly, but trade tensions with the US may slow future gains.
Rent prices softened last month with supply increasing, as highlighted in the regular PayProp Insights housing market overview.
The rental and sales markets are in flux. Election tension, population shifts, and economic uncertainty make price and demand trends unpredictable.
With a balanced sales market and expectations of a more active spring, it's a good time for buyers to explore their options. At the same time, rental prices are likely to remain high and stable.
It’s been another quiet month for both the home sales and rental markets, as tariff uncertainty and economic concerns continue to hold activity in check.